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Thread: Brokers fee

  1. #1
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    Brokers fee

    With a relative fee, a broker may charge $1 per $100,000 of a currency pairing that is bought or sold. If a trader buys $1,000,000 EURUSD, the broker receives $10 as a commission. If a trader buys $10,000,000 the broker receives $100 as a commission.

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    Brokers really do not charge fees but rather the charge spreads which is the difference between the bid and ask prices. Though on ECN accounts, brokers can charge slight fixed fees. That is because the spreads are so small.

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